Premier Financial (NASDAQ:PFC) Releases Quarterly Earnings Results, Misses Estimates By $0.04 EPS

Premier Financial (NASDAQ:PFC - Get Free Report) released its quarterly earnings results on Tuesday. The company reported $0.46 EPS for the quarter, missing analysts' consensus estimates of $0.50 by ($0.04), RTT News reports. The company had revenue of $112.74 million during the quarter, compared to analysts' expectations of $64.55 million. Premier Financial had a net margin of 18.07% and a return on equity of 8.19%. During the same period in the previous year, the company posted $0.69 earnings per share.

Premier Financial Stock Performance

Shares of NASDAQ:PFC traded down $0.07 during mid-day trading on Wednesday, reaching $24.35. The company had a trading volume of 79,514 shares, compared to its average volume of 155,308. Premier Financial has a one year low of $15.79 and a one year high of $26.40. The company has a current ratio of 0.97, a quick ratio of 0.95 and a debt-to-equity ratio of 0.49. The company's 50-day moving average price is $24.01 and its 200-day moving average price is $22.07. The firm has a market cap of $872.05 million, a price-to-earnings ratio of 7.84 and a beta of 1.26.

Premier Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 16th. Stockholders of record on Friday, August 9th were paid a dividend of $0.31 per share. The ex-dividend date was Friday, August 9th. This represents a $1.24 annualized dividend and a dividend yield of 5.09%. Premier Financial's payout ratio is currently 40.00%.

Insider Buying and Selling at Premier Financial

In other news, Director Donald P. Hileman sold 1,500 shares of the company's stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $23.64, for a total transaction of $35,460.00. Following the transaction, the director now owns 28,311 shares of the company's stock, valued at $669,272.04. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Dennis E. Rose, Jr. sold 2,000 shares of Premier Financial stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $25.01, for a total value of $50,020.00. Following the completion of the transaction, the executive vice president now directly owns 38,114 shares in the company, valued at approximately $953,231.14. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Donald P. Hileman sold 1,500 shares of the business's stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $23.64, for a total transaction of $35,460.00. Following the sale, the director now directly owns 28,311 shares in the company, valued at $669,272.04. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 2.22% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Separately, Janney Montgomery Scott reaffirmed a "neutral" rating on shares of Premier Financial in a research report on Wednesday, July 31st. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Premier Financial presently has an average rating of "Hold" and an average target price of $22.50.

Premier Financial Company Profile

Premier Financial Corp., through its subsidiaries, provides various banking services. It offers demand, checking, money market, and savings accounts, as well as certificates of deposits and certificates of deposit account registry service; and investment products. The company also provides residential and commercial real estate, commercial, construction, home improvement and home equity, installment, and consumer loans.